The following complaint was filed with the BBB (Better Business Bureau) regarding a scam at stockcoinexchange.net:

Victims are promised a 250% return on investment. Initially, the account appears to grow, but when attempting to withdraw funds, victims are told the account hasn’t matured and are asked to invest more money. No returns are ever received.

Amount Lost: $20,000

Contact Information:

• Email: info@stockcoinexchange.com
• Phone: 1(503) 369-8560

Scam Type: Cryptocurrency

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Domain Analysis

Stockcoinexchange.com

The domain stockcoinexchange.com, registered on January 1, 2024, under Name.com, Inc., is linked to a sophisticated cryptocurrency scam promising significant returns on investment.

The domain registration details reveal that Domain Protection Services, Inc. protects the registrant’s information, a common tactic to shield the scammers’ true identities. The hosting details show that the website is hosted by Unified Layer, a hosting service known for its robust infrastructure.

Stockcoinexchange.net

The domain stockcoinexchange.net was registered on November 27, 2022, through NameCheap, Inc., and will expire on November 27, 2024. The domain’s registration details are protected by the Privacy service provided by Withheld for Privacy ehf, located in Reykjavik, Iceland. This privacy service shields the registrant’s identity, making it difficult to trace the individuals or entities behind the website. The domain is hosted by Namecheap, Inc., with its server in Los Angeles, United States, under the autonomous system AS22612.

Stockcoinexchange.net’s web traffic analysis shows minimal engagement, with only 428 visits and no significant data on bounce rates or average visit duration. The site appears relatively new, with no substantial organic or paid search traffic and few backlinks. This indicates that it is likely a short-term fraudulent operation designed to exploit investors quickly before disappearing.

Stockcoinexchange.net Review

The website stockcoinexchange.net presents itself as a digital investment platform focused on trading and hedging top-cap digital assets like Bitcoin. The site claims to offer high investment returns through various plans with daily profits and rapid returns. It advertises that users can start with minimal deposits ranging from $100 for a basic plan to $500,000 for a premium plan. It emphasizes ease of registration with no verification documents required and accepts both cryptocurrency and bank transfer payments.

The website details a process where investors choose an investment plan, deposit funds, and watch their investments grow, supposedly profiting hourly, daily, or monthly. It highlights its supposed team of experienced brokers from New York with over a decade of experience in trading stocks and half a decade in cryptocurrency trading.

Several pages feature testimonies and transactions to lend credibility. These include lists of recent deposits and withdrawals with names and amounts, suggesting active participation and profitability. They also boast a 24/7 support team and a referral program offering additional returns for bringing in new investors. The site’s contact information includes an email address (info@stockcoinexchange.com), a phone number (+1-503-369-8560), and a physical address in Mountain View, CA (1743 Springer Rd, Mountain View, CA 94040 USA).

The website offers several reassurances about security. It states that it uses SSL encryption and is PCI Level 1 Merchant compliant, claiming all client data is secured. It also explains that deposits can be made via Bitcoin, and its system processes and approves withdrawals, reducing the free margin available for trading.

Red Flags

A deeper look at the website content reveals several serious red flags indicative of a scam. Firstly, the promises of incredibly high investment returns, such as up to 250% through methods like “pump and dump,” are unrealistic and highly suspect. This method is unethical and often illegal, yet the site presents it as a standard practice.

The registration and operation details are overly simplistic, requiring no verification documents, which is highly unusual for legitimate financial services that typically require thorough vetting for compliance and security purposes. The listed contact details and testimonials appear contrived, with generic names and unverified amounts intended to create an illusion of activity and legitimacy.

The use of privacy protection services for domain registration (Withheld for Privacy ehf) and the obscured hosting details also raise concerns. Genuine companies usually have transparent domain registrations and are forthcoming with corporate information. The vague and grandiose claims about their experience and expertise further diminish credibility, especially when there is no verifiable proof of their trading success or regulatory oversight.

Moreover, the website uses high-pressure tactics, urging potential investors to act quickly and invest large sums of money to unlock higher returns, a common characteristic of fraudulent schemes. The terms used in their FAQs, such as referring to investments below their minimum amounts as “donations,” are unconventional and unprofessional, hinting at a lack of genuine financial regulatory compliance.

Stockcoin Exchange Reviews

A critical review from Trustpilot states, “Watch out for this company. They are a total scam. They promise huge returns, but you cannot get your money out once you invest!!!” The user detailed an experience where they invested $20,000 but received no returns, reinforcing that the platform is fraudulent. Trustpilot shows a mixed review score, but the detailed complaints indicate significant issues with withdrawal and false promises.

Another analysis from ScamAdviser.com also rates the website very low in trust, suggesting that stockcoinexchange.net is likely a scam. The site’s association with Cryptofxprotrade Ltd. and the method described in their FAQ for generating returns through “pump and dump” tactics, which is illegal and unethical, further casts doubt on their legitimacy.

Bottom Line

Given the extensive analysis of stockcoinexchange.net, it is evident that the platform exhibits multiple characteristics typical of fraudulent investment schemes. The promises of unrealistically high returns, coupled with user reports of being unable to withdraw funds, suggest a deliberate attempt to deceive and exploit investors. The website’s lack of transparency, evidenced by its use of privacy protection services for domain registration and the absence of verifiable corporate information, further undermines its credibility. Additionally, the site’s association with unethical “pump and dump” tactics, both illegal and indicative of malicious intent, casts a significant shadow over its operations.

The testimonials and transactions displayed on the website appear contrived, designed to create an illusion of legitimacy and activity. Trustpilot reviews and ScamAdviser analyses reinforce that stockcoinexchange.net is not a trustworthy investment platform. Moreover, the BBB Scam Tracker classification corroborates these concerns, adding a layer of official scrutiny to the growing body of evidence against the site.

In light of these findings, it is prudent to conclude that stockcoinexchange.net is, indeed, a scam.